Wednesday 7 September 2011

DGKC reports 27 percent decline in net profit

KARACHI: The Board of Directors of DGK Cement (DGKC) met on Wednesday to review the company's financial and operating performance for the year ended June 30, 2011.


The Net Profit after Tax (NPAT) of the company declined by 27 percent and recorded at Rs 170.96 million as compared to Rs 233.02 million recorded in same period last year, according to the notice issued by company to Karachi Stock Exchange (KSE).


The Earnings per share (EPS) of the company stood at Rs 0.45 as compared to Rs 0.7 recorded in preceding year. Moreover, the company has not announced any payout in form of dividend or bonus shares for shareholders.


The sales turnover of the company was recorded at 18,577.19 million during the financial year registering a growth of 14 percent at the back of higher cement prices in the country and improvement in export sales particularly to Afghanistan.



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